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The price of oil is back to where it was 20 years ago
@JavierBlas
CHART OF THE DAY: The price of oil is back to where it was 20 years ago. Even without adjusting by inflation, in mere nominal terms, Brent is trading at the same level as in 2005.
"The street is as bearish crude oil as it was in March 2020 when planet earth effectively locked down." Goldman Sachs via
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Beware of little expenses
Beware of little expenses. A small leak will sink a great ship.
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try something
“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.”
― Looking Forward
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For years we had total policy certainty
“I have always been of the opinion that unpopularity earned by doing what is right is not unpopularity at all, but glory.”
- Marcus Tullius CiceroFrom Daniel Lacalle twitter
"Policy uncertainty" means nothing.
For years we had total policy certainty: Higher taxes, higher deficits and debt, and inflationism.
Furthermore, it is laughable to see that lower taxes and cutting spending "add" to uncertainty, but raising them reduces it.
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Life is like riding a bicycle
"Life is like riding a bicycle. To keep your balance, you must keep moving."
Albert Einstein
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Blood in the streets?
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One thing that can change my way of life
"If oil prices double, it will significantly change my life, especially for the horse."
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When your kids go to live on their own
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Just turn down your tv and get some silence
"A rational person can find peace by cultivating indifference to things outside of their control."
@naval
The root of suffering is attachment.
Buddha
I am not yet here but as I got older I came to the conclusion that most of things really don't matter.
Watching/Reading the news is useless
The root of suffering is attachment.
Buddha
I am not yet here but as I got older I came to the conclusion that most of things really don't matter.
Watching/Reading the news is useless
Though it may feel like you’re getting something done, you’re not. The reality is, the news doesn’t really affect you. It’s good to keep up with the goings on of the world, but don’t fool yourself into thinking you’re being productive by doing so. You’re not doing anything. Go do your work.
I saw this in a blog without author but I tend to agree. I just think if affects you a lot. You think you are working and news specially if it's opinion can get into your thought process.
Read History, study facts, hard data and forget the weekly theme. You can't make money on news because they are all incorporated in the prices and there are a lot of negative news that relly enter your mind.
Just turn down your tv and get some silence.
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The deepest principle in human nature is the craving to be appreciated.
Fake compliments are horrible , but if you can congratulate your kids for something well done, make a party it's even better.
The deepest principle in human nature is the craving to be appreciated.
“Anything forced is not beautiful.” — Xenophon
I can live for two months on a good compliment.
Any fool can criticize, condemn and complain - and most fools do.
Joy, feeling one's own value, being appreciated and loved by others, feeling useful and capable of production are all factors of enormous value for the human soul.
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A government that robs Peter to pay Paul
A government that robs Peter to pay Paul can always depend on the support of Paul.
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The essentials of real happiness are few, simple, and close at hand.
I was dining recently with a particular successful young man who is trying very hard to be happy, but he takes such a complicated, strenuous view of everything that his happiness is always flying from him. He drives everything so fiercely, his life is so vigorous, so complicated, that happiness can not find a home with him very long. Nor does he understand why. He has money , health,; but he always has that restless far-away, absent minded gaze into something beyond, and I do not think he is ever really very happy. His whole manner of living is extremely complex. He does not seem to know where to find happiness. He has evidently mistaken the very nature of happiness. He thinks it consists in making a great show, in having great possessions, in doing things which attract a great deal of attention; but happiness would be strangled, suffocated in such an environment. The essentials of real happiness are few, simple, and close at hand. Happiness is made up of very simple ingredients. It flees from the complex life. It evades pomp and show. The heart would starve amid great luxuries. Simple joys and the treasures of the heart and mind make happiness.
...
One of the most pathetic pictures in civilization is the great army of men and woman searching the world over for happiness, as though it existed in things rather than in a state of mind.
Orison Sweet Marden
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Old is the best
The best Hedge Funds were created many years ago.
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Start where you are
In all my life the guy with the best bike does not win , the one with the best tennis racquet is a terrible player, my vision is always the guy with the best gadget is hiding some weakness.
If you don't have I-Phone 13 or whatever it is I think you lose nothing. Content , your idea is more important.
Start where you are. Use what you have. Do what you can.
Arthur Ashe
“Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.”
- Charlie Munger
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Technology wins, Investors lose
Initially, railway investors did not see any returns, as they had to make significant investments in laying down tracks and acquiring land. For the first 100 years, no profits were made. However, in the past 24 years, all listed railways in the US and Canada have outperformed the S&P 500. Even the worst-performing railway, Norfolk Southern, saw a 1296% increase compared to the SPY ETF's 316% rise. Like many things in life, the substantial profits came at the end.
"The secret of life is weak competition."
— Warren Buffett
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Don't look for outside approval
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Francisco Carneiro
Lisbon Family Office
There is always a Bull market in the World
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